Forex Signal For GBP/USD: Rise Continues Above $1,2500

    Forex Signal For GBP/USD: Rise Continues Above $1,2500   The price is expected to reach $1,2624 The last GBP/USD signal on May 16 was not triggered because support was given a few pips below $1,2226.  

Today's GBP/USD Signals

 

• The risk is 0,75%.
• Trades should only be made until 17h00 London time today.

 

Buying Trading Tips

 

• For the next touchdown of $1,2500, $1,2437, or $1,2412, immediately follow the bullish price action reversal on the H1 time frame.
• Place the stop loss 1 pip below the local swing low.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

 

Forex Signal For GBP/USD: Rise Continues Above $1,2500

 

Sales Trade Tip

 

• Go selling immediately after a bearish price action reversal on the H1 time frame with the next touch of $1,2624.
• Place the stop loss 1 pip above the local swing height.
• Move stop loss even when the trade is 25 pips in profit.
• When the price reaches 25 pips in profit, remove 50% of the position as profit and let the rest of the position be driven.

   

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